Including Pre-launch and Start-up Hedge Funds.

NHF 1012 Event-Driven High Lev Micro-Directional FX Trading New Hedge Fund - Individual Managed Accounts 3YTD >+100% (Feb 2005), Since inception >+100% FUND MANAGER-Total Track Record - 8 months

NHF 1008 Managed Futures Fund New Hedge Fund - Managed Futures Fund - Annual Yield 20% Target Annual Return Target Guide FUND MANAGER-Total Track Record

NHF 1007 Emerging Market Macro Fund New Hedge Fund - Macro Hedge Fund - Annual Yield 12-15% Target Annual Return Target Guide FUND STRATEGY- US$150 MM Initial Capital Target

NHF 1006 Diversified Short-Term Multi System Fund New Hedge Fund - Diversified Short Term Hedge Fund - Annual Yield 15% Annualised Return Target - 2003 (0.50%YTD) FUND STRATEGY - Total Capital - Less Than US$20 million

NHF 1005 FX Macro Fund New Hedge Fund - FX Macro Fund - Annual Yield 30% Target Annual Return Target Guide FUND STRATEGY- US $200 MM Capital Target

NHF 1004 Japan Equity Long-Short Fund New Hedge Fund - Long/Short Japanese Equity Fund - Annual Yield 2-5% Target Annual Return Target Guide FUND STRATEGY- US$40 MM Capital Target

Contact us at info@hedgefundjapan.com with your name, telephone number and e-mail address or fax number.

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